International Seaways Reports Fourth Quarter and Full Year 2018 Results
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UPDATE: International Seaways Inc. (INSW) Tops Q4 EPS by 18c, Revenues Beat
March 12, 2019 6:48 AM EDT(Updated - March 12, 2019 6:50 AM EDT)
International Seaways Inc. (NYSE: INSW) reported Q4 EPS of $0.32, $0.18 better than the analyst estimate of $0.14. Revenue for the quarter came in at $100.55 million versus the consensus estimate of $85.66 million.
Net income for the fourth quarter was $7.0 million, or $0.24 per share, compared to net loss of $90.7 million, or $3.12 per share, in the fourth quarter of 2017. Net income for the quarter reflects the impact of a loss on vessel sales, including held for use impairment charges, of $2.5 million. Net income excluding these items was $9.4 million, or $0.32... More